Web3 digital fashion company Cult & Rain has decided to cease operations

ChainCatcher news, the Web3 digital fashion company Cult & Rain has decided to cease operations. According to an open letter released by the company's founder and CEO George Yang, the volatility of the cryptocurrency and Web3 markets has impacted its financial situation, and it also failed to secure external investment, ultimately choosing to shut down business operations and end the Cult & Rain 2.0 plan.